Volkswagen engineers charged with insider trading tied to Rivian joint venture

U.S. prosecutors charged two Volkswagen engineers with securities fraud over alleged insider trading tied to Rivian.

They allegedly used confidential information about Volkswagen’s planned Rivian joint venture to trade Rivian stock and options.

Authorities say the trades earned more than $300,000 before the deal was publicly announced.

The case underscores close scrutiny of misuse of corporate nonpublic information in major EV deals.